Green Circle Decarbonize Technology Limited ( (GCDT) ) has provided an announcement.

On July 24, 2026, Green Circle Decarbonize Technology Limited closed the first tranche of a previously announced private offering with Target Capital 1, LLC, issuing an unsecured promissory note with an aggregate principal amount of US$10 million, warrants for up to 29,122,679 ordinary shares, a pre-funded warrant for up to 1,143,962 shares and 676,205 ordinary shares, raising US$2 million in gross proceeds. The broader financing package, which includes an equity purchase agreement for up to US$100 million of ordinary shares or pre-funded warrants, was executed alongside lock-up agreements for key insiders, a placement agency mandate with Revere Securities LLC and an escrow arrangement, underscoring Green Circle’s effort to secure significant growth capital while managing shareholder dilution and aligning major stakeholders for at least 180 days after the offering’s closing.